-— hundreds of millions of dollars were wasted
This is the kind of over-the-top lie that discredits your honesty and mental fitness.
‘Hundreds of millions’ exceeds YEARS of WEDC operational budget (spending).
In fiscal year (FY) 2011-12, WEDC spent an estimated $80.1 million. It administered 30 economic development programs that provided grants, loans, tax credits, and other assistance to businesses, local governments, and other organizations.
http://legis.wisconsin.gov/lab/reports/13-7highlights.htm
Conservativejoy loves to post lefty information about Walker and therefore make it sound disturbingly bad. WEDC was an attempt to innovate which has the same kind of record that all the other states economic development efforts have.
You need to check the last Audit that was done, the one that has been turned over to the District Attorney. Since WEDC was created, they have distributed hundreds of millions of dollars. The reason that doesn’t show up in your figure is, these were distributed as loans, only they were not paid back, so it’s a loss for taxpayers.